TradeStation vs Scottrade

Struggling to choose between TradeStation and Scottrade? Both products offer unique advantages, making it a tough decision.

TradeStation is a Gaming Software solution with tags like stock-trading, options-trading, futures-trading, charting, automated-trading.

It boasts features such as Advanced charting tools, Strategy backtesting and optimization, Automated trading functionality, Real-time market data and scanning tools, Custom trading strategy creation and testing and pros including Robust set of trading tools and features, Ability to create and test custom trading strategies, Automated trading capabilities, Access to real-time market data.

On the other hand, Scottrade is a Business & Commerce product tagged with stocks, etfs, mutual-funds, bonds, options, trading, investing.

Its standout features include Online trading platform, Low trading commissions, Access to stocks, ETFs, mutual funds, bonds, options, Research tools and market data, Mobile and desktop apps, Banking services like checking accounts, and it shines with pros like Low trading commissions, User-friendly trading platforms, Good customer service, Wide range of tradable securities, Educational resources for new investors.

Feature	TradeStation	Scottrade
Overall Score	N/A	N/A
Primary Category	Gaming Software	Business & Commerce

Product Overview

TradeStation

Description: TradeStation is an online trading platform designed for active stock, options and futures traders. It offers advanced charting, strategy backtesting, automated trading functionality and real-time market data and scanning tools. TradeStation aims to provide traders with the tools they need to create, test, optimize, monitor and automate their own custom trading strategies.

Scottrade

Description: Scottrade is an online brokerage firm that provides a platform for self-directed investing. It allows users to trade stocks, ETFs, mutual funds, bonds, and options with low trading fees.

Key Features Comparison

TradeStation Features

• Advanced charting tools
• Strategy backtesting and optimization
• Automated trading functionality
• Real-time market data and scanning tools
• Custom trading strategy creation and testing

Scottrade Features

• Online trading platform
• Low trading commissions
• Access to stocks, ETFs, mutual funds, bonds, options
• Research tools and market data
• Mobile and desktop apps
• Banking services like checking accounts

Pros & Cons Analysis

TradeStation

Pros

• Robust set of trading tools and features
• Ability to create and test custom trading strategies
• Automated trading capabilities
• Access to real-time market data

Cons

• Steep learning curve for new users
• Expensive subscription fees
• Limited support for newer traders

Scottrade

Pros

• Low trading commissions
• User-friendly trading platforms
• Good customer service
• Wide range of tradable securities
• Educational resources for new investors

Cons

• Limited international trading
• Less research tools than some competitors
• Website can be slow during high trading volume
• No futures, forex, or crypto trading

Pricing Comparison

TradeStation

• Subscription-Based

Scottrade

• Subscription-Based
• Pay-As-You-Go